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Tesla recently introduced a new Model Y with a shocking price reduction to $48,990, a drop of over $10,000, which still qualifies for a $7,500 federal tax credit. This adjustment has increased accessibility for potential buyers, effectively quadrupling the number of individuals who can afford the Model Y. Although this new model does not come with the perks of its launch edition counterpart, such as special badging or upgraded interior options, it remains an attractive offer within the electric vehicle market.